Trump, Fed and Powell
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President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.
Prominent MAGA figures – up to and including Vice President JD Vance – fueled conspiracy theories about Epstein for years to spin up the MAGA base with suggestions about the existence of a “client list” of prominent Americans who had sex with underage girls. Often accompanied by accusations of a Democratic cover-up.
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
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Mid-Day on MSNDonald Trump Makes Scathing Attack on U.S. Fed Chief Jerome Powell; Says He`s Terrible, Total StiffUS President Donald Trump has launched a scathing attack on Federal Reserve Chair Jerome Powell, accusing him of mismanaging a $2.5 billion renovation of the U.S. central bank. In public remarks, Trump mocked Powell’s leadership and highlighted what he claims are repeated failures by economic experts.
Federal Reserve Chairman Jerome Powell sent a letter to the White House concerning the $2.5 billion renovations to the bank’s headquarters after a top official said the building was undergoing an “ostentatious overhaul.
The president floated the idea of firing the Fed chief to lawmakers, then said such a move was "very unlikely."
A jump in US retail sales boosted world markets Thursday even as investors mulled the US rates outlook, US President Donald Trump's tariffs and the future of Federal Reserve boss